Zeta Global (ZETA, Financial) just delivered a message loud and clear: they believe in their future. After a report filled with “false claims” rattled the market, CEO David A. Steinberg and his top peoplee turned the tables with a $3 million insider stock-buying spree. Steinberg didn’t mince words, calling the current share price “undervalued” and declaring himself “bullish” about what’s ahead for the AI-powered marketing tech company. Investors took notice—shares jumped over 9% on the news, signaling a strong rebound in confidence.
This announcement comes hot on the heels of Zeta’s blockbuster Q3 results. Revenue soared 42% year-over-year to $268 million, and adjusted EBITDA shot up 59% to $54 million. The company even upgraded its 2024 revenue forecast to $986 million. But that’s not all: Zeta rolled out a $100 million share buyback program to sweeten the deal for shareholders. Analysts are backing the company too—firms like B.Riley and Truist Securities reaffirmed their Buy ratings, while price targets stayed as high as $43, painting a bullish picture despite short-term market noise.
Here’s the big takeaway: Zeta isn’t just about damage control—it’s doubling down. With a cutting-edge AI marketing platform and a clear focus on growth, the company is pushing back against skepticism and proving its resilience. Investors are watching closely, and if this momentum holds, Zeta’s leadership could have just set the stage for a massive comeback story.
